As an online business looking to expand globally, one of the first steps you need to take is setting up a compliant and secure business account. At Wallter, a European electronic money institution, we specialize in providing innovative financial solutions like business accounts, SEPA and SWIFT payments, and prepaid business cards tailored to the needs of modern online businesses.
When choosing a financial partner like Wallter, understanding our commitment to regulatory compliance, especially around prohibited businesses and jurisdictions, is essential. This policy is not just a regulatory requirement; it’s a strategic safeguard that directly impacts the security, reliability, and scalability of your online business operations.
Why Does Our Prohibited List Matter to Your Business?
Regulatory Compliance:
At Wallter, we strictly follow EU and Lithuanian financial regulations by maintaining a list of prohibited businesses and jurisdictions. This ensures that your business can operate confidently, knowing you’re working with a fully compliant partner, helping avoid disruptions, fines, or legal issues.
Risk Mitigation for Your Online Business:
By adhering to our prohibited list, Wallter shields both your business and ours from the financial and reputational risks associated with illegal activities such as money laundering and sanctions violations. Partnering with us helps protect your business from becoming entangled in high-risk or non-compliant transactions, so you can focus on growth.
Secure, Global Payment Solutions:
Our clients choose Wallter because we provide peace of mind. With us, you get a compliant, secure financial ecosystem to facilitate local and global payments, ensuring your funds and reputation are always protected. We help safeguard your business, so you can scale confidently without the fear of regulatory breaches.
Building Trust and Credibility for Your Business:
A partnership with Wallter enhances your brand’s credibility. Our strong compliance framework strengthens trust not only with us but also with your customers and partners. Operating with a trusted financial partner shows your commitment to compliance and ethical business practices – factors that attract more clients and build long-term success.
How We Ensure Ongoing Compliance for Our Clients
- Regular Updates: We keep our list of prohibited businesses and jurisdictions up to date with changing regulations, helping you stay compliant as global financial rules evolve.
- Thorough Due Diligence: Every new client undergoes rigorous due diligence checks before onboarding, ensuring that you are operating in a compliant financial environment.
- Continuous Monitoring: We actively monitor client transactions for red flags, ensuring ongoing compliance and providing additional protection for your business.
- Compliance Training: Our expert team undergoes regular compliance training, so you benefit from a knowledgeable partner that’s always prepared to handle complex regulatory environments.
Ready to Secure Your Online Business with Wallter?
Before registering for a Wallter business account, we encourage you to review our list of prohibited businesses and jurisdictions. Ensuring your business falls within our compliance guidelines is the first step toward a secure and successful partnership.
By choosing Wallter, you’re not only gaining access to global payment solutions but also partnering with a financial institution that prioritizes security, compliance, and risk mitigation. Let us help your business thrive in a safer and more secure financial ecosystem.
